Which of the Following Is a Benefit of Using a Computerized

question 74

Multiple Choice

Which of the following is a benefit of using a computerized accounting information system?

• A)The software can accurately measure the intrinsic value of the firm using the built-in simulation techniques.
• B)There is no need to review the financial statements for accuracy.
• C)The software is easy to use,thus no training or review is necessary.
• D)The software automatically transfers the amounts from the general ledger to the financial statements.

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Definitions:

Neoclassical Economics

An economic theory that focuses on how the perception of utility and costs, along with the distribution of resources, determine price and production in a competitive market.

Behavioral Economics

A field of study that examines how psychological, cognitive, emotional, cultural, and social factors affect economic decisions and the consequences of those decisions.

Neoclassical Economics

An approach in economics focusing on the determination of goods, outputs, and income distributions in markets through supply and demand.

Behavioral Economics

A branch of economics focused on understanding how a range of factors, including psychological, cognitive, emotional, cultural, and social elements, influence the economic decision-making processes of both individuals and institutions.